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Japanese securities companies plan investment in wind
1 February 2004
Two Japanese securities companies, Mitsubishi Securities and Mizuho Securities, plan to invest in several overseas power projects, including wind farms, to help earn emissions credits under the Kyoto Protocol. Mitsubishi will conduct feasibility studies of potential emissions reduction projects, attract additional investors and help project organisers procure operational funds. It will also find buyers for the electricity to be generated. According to Yasuyuki Shimizu from Mitsubishi's Clean Energy Finance committee in Tokyo, one of the projects being assessed is a 120 MW wind plant at Zafarana in Egypt, which is being partly financed by the Japanese Bank for International Co-operation. Meanwhile, Mizuho is working on plans for a wind plant in Hungary.
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